Acquired in 2018 for $16,100,000, the Four Points by Sheraton Phoenix South Mountain The 160-room hotel hosts 9 meeting rooms with over 9,000 square feet of space combined. Other features include free Wi-Fi, an on-site restaurant, and convenient access to attractions near Ahwatukee.

As of 2022, this asset is in process of being converted into a multi-family parcel. Additionally, Caliber purchased the open lot next it with plans to develop a multi-family community around the tower.